...C H A P T E R 1 The Nature and Scope of Managerial Economics chief of Omaha, W arren E. Buffett, the renowned chairman andstartedexecutive officerpartnership Nebraska-based Berkshire Hathaway, Inc., an investment with $100 in 1956 and has gone on to accumulate a personal net worth in excess of $30 billion. It is intriguing that Buffett credits his success to a basic understanding of managerial economics. Berkshire’s collection of operating businesses includes the GEICO Insurance Company, Buffalo News newspaper, See’s Candies, and the Nebraska Furniture Mart. They commonly earn 30%–50% per year on invested capital. This is astonishingly good performance in light of the 10%–12% return typical of industry in general. A second and equally important contributor to Berkshire’s outstanding performance is a handful of substantial holdings in publicly traded common stocks such as The American Express Company, The Coca-Cola Company, and Wells Fargo & Company. As both manager and investor, Buffett looks for ‘‘wonderful businesses’’ with outstanding economic characteristics: high rates of return on invested capital, substantial profit margins on sales, and consistent earnings growth. Complicated businesses that face fierce competition or require large capital investment and ongoing innovation are shunned.1 Buffett’s success is powerful testimony to the practical usefulness of managerial economics. Managerial economics answers fundamental questions. When are the characteristics of a market...
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...जन्म : त्रिपुरारि पौर्णिमा, १८ नोव्हेंबर १९५६पहाटे ४ वाजून ३५ मिनिटांनी. माता : सौ. अरुंधती जोशी. पिता : डाँ. धैर्यधर जोशी. संगोपन : आजी - सौ. शकुंतला नरेंद्र पंडित.(माहेरचे नाव - मालती गोपीनाथशास्त्री पाध्ये) विशेष प्रभाव : माई - सौ. द्वारकाबाई गोपीनाथशास्त्री पाध्ये(बापूंच्या पणजी) शालेय शिक्षण : डाँ. शिरोडकर हायस्कूल-परळ-मुंबईमाँटेसरीपासून ते अकरावी एस. एस. सी. पर्यंतएस. एस. सी. - इ. स. १९७२वैद्यकीय शिक्षण : नायर हॉस्पिटल - मुंबई(टोपीवाला राष्ट्रीय वैद्यकीय महाविद्यालय)एम. बी. बी. एस. - इ. स. १९७८एम. डी. (मेडिसीन) - इ. स. १९८२ मी अनिरुद्ध आहे परमपूज्य अनिरुद्ध बापू (डॉक्टर अनिरुद्ध धै. जोशी) ह्यांचा दै. प्रत्यक्षमध्ये ५ नोव्हेंबर, २००६ (अनिरुद्ध पौर्णिमा) रोजी प्रकाशित झालेला अग्रलेख. माझी माई माझ्या लहानपणापासून नेहमी म्हणायची, " हा नं काय करील त्याचा कधी पत्ता लागत नाही, " तर माझी आई मला 'चक्रमादित्य चमत्कार' म्हणायची. बहुतेककरून माझ्या बालपणीच्या ह्या चक्रमपणाचाच विकास कायम होत राहिला आहे. प्रत्येकाला शालेय शिक्षणानंतर अगदी कुठलाही पाढा आठवला नाही तरी 'मी एके मी ते मी दाहे मी' हा पाढा सहजतेने येत असतो. कारण हा 'मी' दाही दिशांना मनाच्या घोड्यावर बसून पाहिजे तेव्हा पाहिजे तसा उधळू शकतो. मी असा आहे आणि मी तसा आहे, मी काही असा नाही आही मी काही तसा नाही, मला हे हवे आणि मला ते नको, मी हे केले आणि मी ते केले, अशा अनेक रुपांनी हा प्रत्येकाचा 'मी' जीवनभर धिंगाणा घालत राहतो आणि हा अनिरुद्ध तर लहान मुलांच्या 'धांगडधिंगा' शिबिराचा खंदा समर्थक। मग ह्या अनिरुद्धाचा 'मी' स्वस्थ थोडाच बसणार? मी असा आहे आणि मी तसा आहे - मी कसा आहे हे फक्त मलाच माहीत आहे. पण मी कसा नाही हे...
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...tC op y 9-189-163 REV. APRIL 18, 1990 ANIRUDH DHEBAR Merton Truck Company At Merton's monthly planning meeting in July 1988, the company's president expressed dissatisfaction with Merton's financial performance during the six-month period January-June 1988. "I know we are operating at capacity in some of our production lines," he remarked to Merton's controller and sales and production managers. "But surely we can do something to improve our financial position. Maybe we should change our product mix. We don't seem to be making a profit on our Model 101 truck. Why don't we just stop making it altogether? Maybe we should purchase engines from an outside supplier, relieving the capacity problem in our engine assembly department. Why don't the three of you get together, consider the different options, and come up with a recommendation?" Production Possibilities and Standard Costs No The Merton Truck Company manufactured two specialized models of trucks, Model 101 and Model 102, in a single plant in Wheeling, Michigan. Manufacturing operations were grouped into four departments: engine assembly, metal stamping, Model 101 assembly, and Model 102 assembly. Do Capacity in each department was expressed in manufacturing machine-hours available (net of maintenance downtime). Machine-hours available, in conjunction with machine-hours required for each truck model in each department, determined Merton's "production possibilities." For example, the...
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...Thousands of African Americans moved to Northern cities in the 1920s. They created a new social and cultural landscape. Due to the fact, that they wanted a better life, they moved to the north. Once they moved to the north they still faced segregation, unequal opportunities and financial differences. After the Civil War ended in 1896, equal rights for all races came to a halt when the Plessy v. Ferguson Supreme Court ruled that racial segregation was acceptable. (PLESSY V. FERGUSON 1) African Americans in the south were met with harsh conditions as they worked and lived amongst whites. The north allowed all adult men to have voting rights and provided better education for African Americans. Down in the south Jim Crow Laws still separated the...
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...Marketing Management Study Program : Management Assignment Title : Group Project Group Members : Anton Kokabri Caroline Natalia Chandra Leonardi Sutopo Selly Sherly Warren Class : Prince Edward Island Lecturer : Sir Hendra Submission Date : 13 November 2009 Business Marketing Plan Executive Summary Overview T-Quila is an upscale clothing shop that will open in July next year. T-Quila, which means "Tequila" or "kind of wine”, defines the shop and its essence of inclusion. We choose the name to suppose that our products will make the customers to be addicted to our products and keep on buying them. T-Quila's clothing selections are couple T-shirt, Family T-shirt, Siblings T-Shirt, Female Tees and D.I.Y T-shirt that will satisfy Medan people’s demand in a unique and well-designed T-Shirt. T-Quila is a group-owned business currently organized as a Partnership. Clothing for Everyone T-Quila will provide T-Shirt that is wearable in any kind of occasions and stretch in the special design. T-shirt is never out-of-date while other fashion stuff is not up-to-date anymore. From century to century, T-shirt has always been the most favorable items to wear by most people. In addition to that, we provide T-shirt with unique design and in various types. T-Quila’s customer is people who want to be stylish with a minimum budget and become the one who is in the middle of the spotlight. They enjoy the T-shirt fashions and want a place where they can go...
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...Marketing Research SUBMITTED BY: GROUP 4 NISWARTH SINHA SOUMYA LOOMBA BHASKAR DAS ANIRUDH TOTEWAR SANTANU MANDAL KISHORE MUDADDA GURBIR SINGH Marketing Research SUBMITTED BY: GROUP 4 NISWARTH SINHA SOUMYA LOOMBA BHASKAR DAS ANIRUDH TOTEWAR SANTANU MANDAL KISHORE MUDADDA GURBIR SINGH Carbuy.com Market Research Problem-Interim Report Carbuy.com Market Research Problem-Interim Report Problem at Hand: Carbuy.com are planning to launch an e-marketplace that they hope will become a one stop-shop kind of portal for not only comparing vehicles’ features and prices across brands but also the ability to buy them and get it delivered at home. They want to develop a website for the same and need information about the kind of attributes that attract people to a website and increase its brand equity. We need to develop a research problem for the client to find out the attributes which make a website attractive and understand the drivers of an online car purchase. Secondary Data Analysis: According to reports, the following facts are relevant in an online purchase and specifically a car purchase: * A growing number of consumers (especially the young) trust user-generated content (up from 66% in 2010 to 72% in 2014). * More than 50% of car shoppers in every market said that positive comments on social media would make them more likely to buy a specific brand. * Interest in buying a car online is increasing: 61% of Chinese consumers would buy a car...
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...Merton Trucks Case Note Abstract We discuss Merton Trucks [Dhe90a] as a case to introduce linear programming in the MBA program. This case adapted from Sherman Motor Company case, was used to introduce Linear Programming formulations as well as duality. Refer to the teaching note [Dhe90b]. Our approach differs from the approach suggested by Dhebar [Dhe90b]. First, our audience consists pre-dominantly of engineers with not too much work experience. As a result, handling math and algebra is relatively easy. Explaining the algebraic formulation, graphical approach and using the Excel solver do not consume that much time. Second, because this case is used during the first week of the MBA program, students are still unfamiliar with the case methodology and we spend significant time in understanding case facts. The circular logic used in allocating fixed costs based on the product mix that in turn is used in deciding the product mix takes some time to understand. Third, because of the participant background, they have difficulty in translating the model to the specific business situation and interpreting the trade-offs involved in various what-if analyses that are prompted by the case questions. We return to the case when we teach duality. After explaining duality, we analyze the case to show how some of the questions and what-if analyses can be simplified using duality. This note is based on our experiences with teaching three large batches of students in our MBA programs. 1 1 Without...
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...Name of the Student | ANIRUDH CHAUHAN | Program | MBA-HR | Class Roll Number | B-14 | Enrollment Number | A0102314024 | Name of Faculty guide | MS. AMANPREET KANG | Case study title | WIPRO: Strengthening employee engagement and implementing effective Rewards and recognition system. | Student Declaration I declare (a) That the work presented for assessment is my own, that it has not previously been presented for another assessment and that my debts (for words, data, arguments and ideas) have been appropriately acknowledged (b) That the work conforms to the guidelines for presentation and style set out in the relevant documentation. ( c ) The Plagiarism as taken by Turnitin is ________ %. Date : Anirudh Chauhan MS. AMANPREET KANG Assistant Professor Department of marketing/IB WIPRO: Strengthening employee engagement and implementing effective Rewards and recognition system. Anirudh, Ms Amanpreet Kang ABSTRACT Employee engagement, rewards and recognition are integral part of human resources of any organization as they show the level of involvement and commitment of the employees towards their organizations. These not only motivates the employee in performing better but also enables HR in recognizing and rewarding the ones performing better than the other as per the set standards . It increases overall efficiency and also identifies the training needs if any. Attrition rate in BPO industry is very high and this is why...
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...Dec 2011 Signature of Secretary DUGC Signature of Chairman DUGC REPORTS OF MARKS and GRADES Session & Year: III Sem.B. Tech. Chemical- DEC 2011 Course No: CY 205 Course Title: Organic Chemistry Credits: 3-0-0(3) Name of the Instructor: Dr. Darshak R. Trivedi Course Category: BSc Sl. No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Reg. No. 10CH01 10CH02 10CH03 10CH04 10CH06 10CH07 10CH08 10CH09 10CH10 10CH11 10CH13 10CH14 10CH15 10CH16 10CH17 10CH18 10CH19 10CH20 10CH21 10CH22 10CH23 10CH24 10CH25 10CH26 10CH27 10CH28 10CH29 1OCH30 10CH32 10CH33 10CH34 10CH35 10CH36 10CH37 NAME AAQIB H AZAAM ACHINT SANGHI ADITYA BATTU ADITYA NAIR AMIT ABRAHAM MATHAI ANANYA RAVI ANINDITA RAVIKUMAR ANIRUDH SRINIVAS M ARVIND KRISHNAN AYSHA H ANJUM CHETHAN M HITENDRA ARYA I VASU JASON NAVIN D SOUZA K GEEDHIKA KATIPALLI SRAVAN KUMAR KEVIN SUNNY KHADATKAR RASHMI KILAPARTHI RAMESH MANAV AGARWAL MASHOODUL HASSAN MOHAN LAL MEENA NAVEEN KUMAR NITIN BHARGAV NITISH M NAIK PAVANDEV PARITOSH YADAV PAVAN N PRASHANT V D RAGHAV ISHWAR RAGHAVENDRA K T RAJINI S RAMYA ANAND S ROOPESH RANGARAJAN % MARKS 73...
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...Asthma, which is a respiratory condition that causes difficulty in breathing, has had a dramatic increase in the United States since the 2000’s. Los Angeles, California, has consistently been hit with smog attacks since the 1950’s, which is a prevalent trigger for people diagnosed with asthma. Over 1 million people suffer from asthma in Los Angeles, therefore combating the excess amount of smog in their atmosphere is very crucial to keep asthmatic people healthy, while keeping their condition under control. Although this is a difficult task, there are many options to start the process off in an effective way. One solution to reduce gaseous emissions from polluting the atmosphere would be to purchase renewable energy and regulate vehicle and...
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...RELIANCE COMMUNICATIONS LIMITED Registered office: H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai - 400710 Transcript of Earnings Conference Call for the Quarter Ended June 30, 2009 Conducted at 5 pm IST on July 31, 2009 Operator: Thank you for standing by and welcome to the Reliance Communications Global Earnings Conference Call on the Reliance audio conferencing platform. This call is hosted by Enam Securities. At this time all the participants are in the listen-only mode. There will be a presentation followed by a question and answer session at which time if you wish to ask a question please press *1 on your telephone. Please be advised this conference is being recorded today. Now I would like to hand the conference over to Ms. Priya Rohira of Enam Securities. Over to you, ma’am. Priya Rohira: Thanks very much. Good morning, afternoon, or evening ladies and gentlemen. We at Enam Securities are pleased to host this call for the 1QFY10 results of Reliance Communications. We would like to congratulate the Reliance management on the good financial and operating performance during the quarter. Today, we have the senior management team from Reliance Communications led by Mr. Satish Seth alongwith other colleagues namely Mr. S. P. Shukla, Mr. Punit Garg, Mr. George Varghese, Mr. Inder Bajaj, Mr. Mahesh Prasad, and Mr. Arvind Narang. The call will begin with some key observations by Mr. Seth and the management team followed by a question and answer session...
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...Case Analysis DIVERSEY in India Submitted byNavdeep Jha (26NMP61) Anand Bajpai (26NMP62) Anirudh Singh (13EM01) Sudeshna Goswami (13EM02) Executive Summary: Diversey works in the niche area of cleaning & hygiene. The company focuses on providing end-to-end solutions for cleaning, sanitation and hygiene across 160 countries. Diversey launched its operations in India during 1998. By 2012, the persistent awareness efforts on Science of Cleaning in Indian market, coupled with superior quality products & services have helped Diversey to gain more than 30% share in the organized sector. However, the unorganized market players accounted for more than 70% of the total cleaning market share. With a vision of achieving a 3-fold increase in sales growth in India over the next 3 years, Mr. Himanshu Jain (MD & VP Diversey India) was facing hurdles in penetrating the cleaning market in India. Himanshu was not sure of the best way to generate awareness that can alter the cost conscious & one-sizefits-all mindset of customers. He was also looking for a systematic approach towards removing the inefficiencies in operational setup & inventory management so as to reduce overhead costs. The recommended plan for Diversey India is to invest in advertising campaigns in India where potential of mid-size unit customers is high. This would include awareness campaigns on science of cleaning, benefits of using high quality global standard products and services, and demerits of using cheap & low...
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...BCP INTERNAL ASSIGNMENT Anirudh 1. Asset – People, property, and information. People may include employees and customers along with other invited persons such as contractors or guests. Property assets consist of both tangible and intangible items that can be assigned a value. Intangible assets include reputation and proprietary information. Information may include databases, software code, critical company records, and many other intangible items. An asset is what we’re trying to protect. Threat – Anything that can exploit a vulnerability, intentionally or accidentally, and obtain, damage, or destroy an asset. A threat is what we’re trying to protect against. Vulnerability – Weaknesses or gaps in a security program that can be exploited by threats to gain unauthorized access to an asset. A vulnerability is a weakness or gap in our protection efforts. Risk – The potential for loss, damage or destruction of an asset as a result of a threat exploiting a vulnerability. Risk is the intersection of assets, threats, and vulnerabilities. A + T + V = R That is, Asset + Threat + Vulnerability = Risk. Risk is a function of threats exploiting vulnerabilities to obtain, damage or destroy assets. Thus, threats (actual, conceptual, or inherent) may exist, but if there are no vulnerabilities then there is little/no risk. Similarly, you can have a vulnerability, but if you have no threat, then you have little/no risk. Impact is the total profit/loss which is obtained through...
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...This Literature Survey has been submitted by Mr. Anirudh Dhawan ID No: 212142 On Economics-I During the Monsoon Semester 2013 Cost Recovery in the Increasing Block Tariff System in India Introduction The need for imposing a tariff on the consumption of water domestically by households arises for the basic reason of revenue sufficiency. Due to the economic diversity prevalent in the society and diversified and potential inequitable use of the good, this tariff has to be determined keeping in mind the basic principles of equity and fairness and should be made to be economically efficient. Hence, reasonable objectives for an adequate tariff scheme would be all of these three, revenue sufficiency, economic efficiency and equity and fairness. This literature survey would concentrate only on the first aspect, that of revenue sufficiency vis-à-vis imposition of water tariffs. The various single-part tariff systems followed in major cities in India include increasing block tariffs (IBT), uniform water tariff, linear water charge and a pre-determined annual flat rate. The first three are for connections that are for connections that are metered and the last one is for connections that are unmetered. This literature survey seeks to assess whether the tariff system of increasing block tariff is adequate for production cost recovery in the Indian cities that it is being currently implemented and to ascertain the possible reasons for such a deficit, if at all there...
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...DATA ANALYSIS FOR MANAGEMENT ASSIGNMENT-2 DEPT. OF MANAGEMENT STUDIES 2013-2015 SUBMITTED BY: AMANDEEP GAJRAJ MS13A010 ANIRUDH K MURTHY MS13A014 SHAILY DAGA MS13A058 SHRIRAM K MS13A060 SOUMY KANTA MISHRA MS13A062 VIKRAM RAMESH BABU MS13A072 4M Monitoring an Email System Explain why the firm needs to allow for variation in the underlying volume. Why not simply send engineers in search of the problem whenever e-mail use exceeds a rate of say 1000 messages? Because the number of messages per day is 7680, there is a high chance that engineers will get false alarms. So the 1000 messages limit is not feasible and even if it is, it requires aggressive monitoring. Explain why it is important to monitor both the mean and the variance of the volume of email on this system It is important to monitor both the mean and the variance because a change in mean implies a change in the number of users using the email system. This is important for diagnostic purposes and identifying the usage patterns of the system. Depending on the shift in mean, the upper control limits and the lower control limits can be modified. A shift in the variance depicts how the number of users vary every hour. By looking at this, we can find out which part of the day there are more number of users and how much deviation is a safe limit. So it is necessary to monitor both the mean and the variance. Because the computer support team is well-staffed, there is minimal cost in having someone check for...
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